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Taxi Cab Service Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Taxi Cab Service

Overview: the U.S. Taxi Cab Service Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Taxi Cab Service: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Taxi Cab Service industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Local Passenger Transportation By Road, Except Fixed-Route

Local Taxi Service

Taxicab Support Services

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Taxi Cab Service company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Taxi Cab Service industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Taxi Cab Service measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 24%
Material Recording, Scheduling, Dispatching, and Distributing Workers 12%
Dispatchers 11%
Dispatchers, Except Police, Fire, and Ambulance 11%
Transportation and Material Moving Occupations 68%
Motor Vehicle Operators 64%
Taxi Drivers and Chauffeurs 63%
Taxi Drivers and Chauffeurs 63%
Source: Bureau of Labor Statistics

Taxi Cab Service Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Uber Technologies trademarks "UBER BIKE" - software; software for procuring, engaging, and coordinating transportation; software for navigation; software for renting bicycles, electric bicycles, electric assist bicycles, and pedal assist bicycles; software for accessing bicycle, electric bicycle, electric assist bicycle, and pedal assist bicycle sharing services; software for renting conveyances - 02/10/2018
  • Uber Technologies patents Autonomous Vehicle Localization Using Submaps - 01/04/2018
  • Anane Transport trademarks "ANANE TRANSPORT" - Bus transport - 11/29/2017
  • Bambeco trademarks "THE HEALTHY HOME" - Retail services - 06/15/2017
  • Bambeco raises $5 million in funding. - 10/13/2015
  • Uber Technologies raises $273 million in funding. - 05/13/2015
  • Ignited Artists raises $5 million in funding. - 02/25/2015

  • Top Innovators

    CompanyInnovation Score
    Uber Technologies206
    GO Fast Ordering

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • How safe is it for women to get into taxis in Lebanon? - Bana Ghandour, 22, told Al Arabiya English: “I think that taxi companies tend to be safer than ‘service,’ but I have never felt safe taking a cab. Now I need to carry pepper spray at all times, although it’s illegal.” Ghandour recounted a ... (01/10/2018)
    • ‘Prince of Taxis’ plots Uber’s defeat in Japan - Another idea is an all-you-can-use subscription service for urbanites seeking to forgo their own ... As with trucking and parcel delivery, taxis are under pressure from a deepening shortage of labour. “Every year in Tokyo there’s a 1-2 per cent decline ... (01/10/2018)
    • Autonom Cab to launch in Las Vegas - Unlike many of the driverless cars and taxis we see at the moment undergoing testing ... The system is designed to operate as either a shared or a private transportation service, and although it is capable of speeds of up to 55 mph, its average most ... (01/10/2018)
    • Medic in double trouble over ‘taxi’ claims - An emergency medical services official ostensibly caught redhanded using an ... “Hey man‚ why are you loading these passengers? Is it your job or ours as taxis [taxi drivers]?” he is asked. “Our job is to load passengers‚ yours is to load patients. (01/10/2018)
    • Affluent North Koreans are using Uber-like taxis on demand - The market for taxis has grown so large in North Korea that several businesses aimed at middle class and wealthy North Koreans have diversified into the market. In 2014, The Daedong River Passenger Transport Company launched its own service asking ... (01/10/2018)
    • Bell Helicopter air taxi shown at CES 2018 with AR sim - Helicopters will be around in the future, and we’re going to ride in them from place to place, instead of driving on roads in the yellow taxis of yesteryear ... reliable transportation services to the world.” (01/09/2018)
    • Appointments to Committee on Taxi Service Quality announced - Chaired by the Commissioner for Transport, Ms Mable Chan, the CTSQ will serve as a multi-party platform to discuss strategies and measures to drive changes to enhance the service quality of some 18 000 existing taxis. A spokesman for the Transport ... (01/09/2018)
    • Bell Helicopter offers a sneak peek of its first electric flying taxi - mass transportation service will never take off. Today, people who use helicopters for point-to-point travel are almost exclusively pretty wealthy. Bell says it wants its electric air taxis to be accessible to everyone else. Image: Bell Helicopter Image ... (01/08/2018)
    • Cab companies upset over proposed CDTA rules - This includes cab cleanliness, passenger fares, insurance coverage and other items. Currently, regulations for taxi companies vary by community. “The goal is to create a streamlined and more transparent taxi service,” said Lauren Bailey, mobility ... (01/08/2018)
    • How Goa Taxi Revolution is driving a campaign for digitisation of taxi services in Goa - encourage taxi associations to develop their own app-based booking services; digital taxi meters installed in taxis. In 2015, the government amended the Goa Motor Vehicles Rules 1991, making GPS devices and digital fare meters with printers compulsory in ... (01/05/2018)

    Government Contracts

    In 2016, the federal government spent a total of $2,328,241 on Taxi Cab Service. It has awarded 345 contracts to 30 companies, with an average value of $77,608 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Taxi Cab Service to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Local Passenger Transportation By Road, Except Fixed-Route
    Competing IndustrySales Relative to Taxi Cab ServiceOpportunity/Threat
    Limousine Service

    Since sales from Taxi Cab Service are a small fraction compared to other industries selling Local Passenger Transportation By Road, Except Fixed-Route, companies in the Taxi Cab Service industry have the opportunity to expand their product offering to take share from these adjacent industries.
    Local Passenger Transportation By Road, Except Fixed-Route Product Sales Report

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Taxicab organizations, Taxicab dispatch services, Cab (i.e., taxi) services, Taxicab services, Taxicab owner-operators, Taxicab fleet operators, etc.

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